• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 1/21/2014

Australia - Limited R&D tax incentive, "dividend washing" 

January 21: The KPMG member firm in Australia prepared reports on the following developments (read the 2014 reports by clicking on the hyperlinks provided below):
  • The federal government is going ahead with a measure that will prevent companies with Australian revenue exceeding $20 billion* from accessing the R&D tax incentive. Its impact is likely to prevent less than 20 larger company groups from receiving any benefits from the R&D tax incentive.

    Read a January 2014 report

    *$=Australian dollar

  • The Australian Taxation Office (ATO) released a draft taxation determination (TD 2014/D1) that addresses the treatment of “dividend washing” schemes. When finalized, the guidance will apply to arrangements entered into both before and after its date of issue.

    Read a January 2014 report

©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now